AInvestOption Pilot Program
Options/ARGX
ARGX logo

ARGXargenx SE American Depositary Shares

Options Analysis Report
Market Cap $64.0B|NASDAQ
● 2026-08-31$1023.21
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +44.8%YTD +21.8%7D +1.2%
176
30D
±8.8%
3%

ARGX Options Overview

Mixed signals. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
Loading score history...

ARGX Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

8.3
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 57.3% — elevated vs history

<1.05x

IV/HV 0.60x — IV ≤ HV

Sector Relative≤50%

Sector percentile 29% — below sector median

<1.1x

Front/Back 0.81x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 36.1% — normal range

<80%

Effective IV 48.6% (ATM 36.1% + spread 6.2% + bias) — excellent value

<3.0%

Total drag 10.48% (spread 6.23% + slippage 4.25%) — high friction

≥5.0

Vega efficiency 476.82 (vega 297.057 / spread 6.23%) — efficient

Sentiment

Bullish or bearish?

4.8
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +10%, Raw: +14%)
|net sentiment| ≥25%

Conviction-weighted: +10% (bullish) — Raw: +14%

≥15%

|OI skew| 15.6% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -63.6%, OI skew +15.6% — divergent (opposite)

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -75%, ATM: +75%, OTM: -13% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 91% — very bearish vs sector

Activity

Unusual activity?

3.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.5x avg — normal

≥15%

Vol/OI 2.4% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +15.9% (5d) — building

Sector Relative≥60%

Sector activity percentile 62% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 32% — patient

≥30

Conviction +10 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.0
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks1/8 checks passed
≤5.0%

Spread 6.2% — wide

≥10,000

OI 7,405 — thin

≥500

Volume 176/day — thin

≤$0.50

$0.31 to cross — cheap

≥5 strikes

1 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 70% — wider than sector

≥100 contracts

Depth 14.7 contracts (bid:7.3 ask:7.4) — thin

<1.0%

Avg slippage 4.25% — poor

Timing

Is now a good time?

7.0
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -19.4% — contango

<30 or >70

IV percentile 57% — neutral

≥10pts kink

IV kink -5.4pts — no clear event

<0.5 or >2.0

θ/ν ratio 875.50 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +10% @ 55% consistency — unclear

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls6.2
bullishIV cheap, mixed flow
Long Puts6.4
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.0
bullishIV too cheap, mixed flow
Covered Call4.2
bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on ARGX

ARGX gamma wallsARGX max painARGX IV rankARGX options flow